In order for barter trades to occur, there must be a
A. singularity of interests.
B. bargaining intermediary.
C. double coincidence of wants.
D. sufficient supply of cash.
Answer: C
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The risk-return indifference curves for a risk-neutral investor are:
A) vertical lines. B) straight lines with slope equal to one. C) horizontal lines. D) upward sloping lines that are bowed downward.
Describe the difference between a microeconomic demand curve and an aggregate demand curve
The opportunity cost of an activity
a. depends on the individual's subjective values and opinions b. is the same for everyone c. must be calculated and known before undertaking that activity d. is irrelevant to decision making e. is not influenced by time costs
In the case of global pollution, the Nash equilibrium shows that if one nation does not regulate its pollution, other nations:
a. will have to regulate even more strictly. b. will not regulate either because of international price competition. c. will regulate but will bring charges in the WTO against the other . d. will regulate, so they will not harm their own citizens.